Homework Answers
| Independent Companies | Total Revenues | Total Expenses | Net Income | Total Assets | Total Liabilities | Stockholder's Equity |
| A | $ 32,00,300 | $ 7,90,000 | $ 24,10,300 | $ 7,45,480 | $ 2,55,480 | $ 4,90,000 |
| B | $ 3,51,300 | $ 60,300 | $ 2,91,000 | $ 7,96,900 | $ 5,42,800 | $ 2,54,100 |
| C | $ 11,74,030 | $ 8,73,200 | $ 3,00,830 | $ 10,00,200 | $ 5,90,000 | $ 4,10,200 |
| D | $ 3,70,900 | $ 2,74,800 | $ 96,100 | $ 9,62,000 | $ 2,89,100 | $ 6,72,900 |
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HOMEWORK #1 Due January 17, 5:00 pm 10 points Provide your solution to all 3 parts...
Part 1: Fill in the blanks below. Utilize the relationships on the Income Statement and Balance...
Part 1: Fill in the blanks below. Utilize the relationships on the Income Statement and Balance Sheet in determining your answers. Remember to use the power of Excel to calculate your answers. Independent Total Revenues Total Expenses Companies $ 3.200,300 $ 790,000 B S 351,300 S 8 73,200 DS $ 370,900 $ 274,800 A Stockholder's Equity S 490,000 S 254,100 Net Income Total Assets Total Liabilities $ 255,480 $ 291,000 TS 796,900 S 300,830 S 1,000,200 S 590,000 962.000 $...
I need some help understanding. thank you File Home Insert Page Layout Formulas Data Review View...
I need some help understanding. thank you
File Home Insert Page Layout Formulas Data Review View Developer Help Share Commen AA 0 Custom PAE 15 A === F a Wrap Text Merge & Center D Times New Roman BIU A Font Insert elete - E J 48 0 Sort & Find & Filter Select 4 Ideas Pastel $ % | Sensitivity Conditional Format as Cell Formatting Table Styles Styles Format Clipboard Alignment Number Cells Editing Ideas Sensitivity F8 - x...
HOMEWORK #2 Due January 24, 5:00 pm 10 points Sparty Corporation has been operating for two...
HOMEWORK #2 Due January 24, 5:00 pm 10 points Sparty Corporation has been operating for two years. The December 31, 2018 account balances are: Accounts Payable Salaries Payable $190,000 Cash $250,000 Accounts Receivable 65,000 45,000 Notes Payable – long term Inventory 175,000 29,000 Contributed Capital Retained Earnings Short-term Investments 20,000 220,000 Equipment Land 180,000 210,000 124,000 During the year 2019, the company had the below activities. Note that none of these activities should impact the income statement, only the balance...
HOMEWORK #3 Due February 7,5:00 pm 10 points Dr. McMuffin has a medical clinic formed as...
HOMEWORK #3 Due February 7,5:00 pm 10 points Dr. McMuffin has a medical clinic formed as a corporation that provides specialty care services to patients. The balances in the accounts as of January 1, 2019 are as follows: Cash 68,000 122,000 71,200 Accounts Receivable Office Supplies Building Land Office Fixtures and Equipment Medical Instruments Accounts Payable 47,000 Notes Payable 44,000 Contributed Capital 6,200 Retained Earnings 87.000 Patient Service Revenue 51,000 Income Tax Expense 28,000 Compensation Expense 40,000 Insurance Expense 42,000...
Part 1: Fill in the blanks below. Utilize the relationships on the Income Statement and Balance Sheet in determining your answers. Remember to use the power of Excel to calculate your answers. Independent Total Revenues Total Expenses Companies $ 3.200,300 $ 790,000 B S 351,300 S 8 73,200 DS $ 370,900 $ 274,800 A Stockholder's Equity S 490,000 S 254,100 Net Income Total Assets Total Liabilities $ 255,480 $ 291,000 TS 796,900 S 300,830 S 1,000,200 S 590,000 962.000 $...
I need some help understanding. thank you
File Home Insert Page Layout Formulas Data Review View Developer Help Share Commen AA 0 Custom PAE 15 A === F a Wrap Text Merge & Center D Times New Roman BIU A Font Insert elete - E J 48 0 Sort & Find & Filter Select 4 Ideas Pastel $ % | Sensitivity Conditional Format as Cell Formatting Table Styles Styles Format Clipboard Alignment Number Cells Editing Ideas Sensitivity F8 - x...
HOMEWORK #2 Due January 24, 5:00 pm 10 points Sparty Corporation has been operating for two years. The December 31, 2018 account balances are: Accounts Payable Salaries Payable $190,000 Cash $250,000 Accounts Receivable 65,000 45,000 Notes Payable – long term Inventory 175,000 29,000 Contributed Capital Retained Earnings Short-term Investments 20,000 220,000 Equipment Land 180,000 210,000 124,000 During the year 2019, the company had the below activities. Note that none of these activities should impact the income statement, only the balance...
HOMEWORK #3 Due February 7,5:00 pm 10 points Dr. McMuffin has a medical clinic formed as a corporation that provides specialty care services to patients. The balances in the accounts as of January 1, 2019 are as follows: Cash 68,000 122,000 71,200 Accounts Receivable Office Supplies Building Land Office Fixtures and Equipment Medical Instruments Accounts Payable 47,000 Notes Payable 44,000 Contributed Capital 6,200 Retained Earnings 87.000 Patient Service Revenue 51,000 Income Tax Expense 28,000 Compensation Expense 40,000 Insurance Expense 42,000...
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